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ESG Weekly Review | South Korea Risk Spotlights for April 8-14, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 8-14, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 8-14, 2024

ESG Weekly Review | South Korea Risk Spotlights for April 8-14, 2024

FairLabs Team

2024. 4. 15.

Weekly ESG Risk Spotlight (April 8~14)



Key takeaways


  • Escalated Concerns in Business Ethics: There's been a sharp increase in risks within the 'Business Ethics' domain, now at 36.09%, mainly due to revelations surrounding 'DA Technology' related to 'Lime Scandal', and the  acquittal of Samsung Life and Ananti in real estate back deal suspicions. 


  • Unwavering High Risks in Labor Practices: 'Labor Practices' continue to present high-risk profiles, with Samsung Electronics and SPC Samlip being recurrent mentions. This situation underscores the importance of reinforcing commitment to ethical and fair  labor standards and the well-being of the workforce.

  • Shifts in Corporate Partnerships : Korea Zinc accelerates separation from Yeongpung, ending a 75-year partnership and moving towards independent management and operations.


  • Relatively Minor but Ongoing Issues: 'Material Sourcing & Efficiency' and 'Product Design & Lifecycle Management', though ascending to prominent ranks, have not escalated to critical levels of concern. However these issues have consistently sustained a position with a relatively modest proportion of attention.


  1. Business Ethics (36.09%)


2. Labor Practices(19.32%)


3. Materials Sourcing & Efficiency (6.56%)


4. Product Design & Lifecycle Management (5.12%)


This week’s ESG review reveals pressing ESG issues, emphasizing the need for enhanced ethical governance, stringent labor standards, and a focus on sustainability. Especially, the escalation of ethical risks and their potential impact on reputation and operations underscore the need for robust ethical governance structures. Implementing stringent policies, conducting regular audits, and fostering an ethical culture are vital steps in navigating and mitigating these risks.




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Reach Us

FAIR LABS CO., LTD.

83 Uisadang-daero, Yeongdeungpo-gu, Seoul

team@fairlabs.io

Copyright 2024. All Rights Reserved.

Reach Us

FAIR LABS CO., LTD.

83 Uisadang-daero, Yeongdeungpo-gu, Seoul

team@fairlabs.io

Copyright 2024. All Rights Reserved.